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  • August 5, 2011 at 4:00 PM #716536
    AK
    Participant

    Refinancing usually means one month with no payment. Some financial pundits suggest putting that month’s payment toward principal.

    In a high-rate environment … say, 8 percent … that single extra principal payment will pay off your mortgage 11 months early. The benefits aren’t quite as clear at 4 percent — the extra payment knocks three months off the term of your mortgage.

    August 5, 2011 at 4:24 PM #715342
    AK
    Participant

    Hmmm, that makes principal prepayment sort of like a Roth … you pay with post-tax money but the “income” is tax-free, sort of.

    August 5, 2011 at 4:24 PM #715433
    AK
    Participant

    Hmmm, that makes principal prepayment sort of like a Roth … you pay with post-tax money but the “income” is tax-free, sort of.

    August 5, 2011 at 4:24 PM #716036
    AK
    Participant

    Hmmm, that makes principal prepayment sort of like a Roth … you pay with post-tax money but the “income” is tax-free, sort of.

    August 5, 2011 at 4:24 PM #716187
    AK
    Participant

    Hmmm, that makes principal prepayment sort of like a Roth … you pay with post-tax money but the “income” is tax-free, sort of.

    August 5, 2011 at 4:24 PM #716546
    AK
    Participant

    Hmmm, that makes principal prepayment sort of like a Roth … you pay with post-tax money but the “income” is tax-free, sort of.

    August 5, 2011 at 5:02 PM #715352
    waiting hawk
    Participant

    thats funny as I spoke with sheldon yesterday. Im not refi’in yet as my last one a year ago still works at 4.6%. Im looking at low 4.1 or 4.0 if possible which would take more crashing at 0 cost loan.

    August 5, 2011 at 5:02 PM #715443
    waiting hawk
    Participant

    thats funny as I spoke with sheldon yesterday. Im not refi’in yet as my last one a year ago still works at 4.6%. Im looking at low 4.1 or 4.0 if possible which would take more crashing at 0 cost loan.

    August 5, 2011 at 5:02 PM #716045
    waiting hawk
    Participant

    thats funny as I spoke with sheldon yesterday. Im not refi’in yet as my last one a year ago still works at 4.6%. Im looking at low 4.1 or 4.0 if possible which would take more crashing at 0 cost loan.

    August 5, 2011 at 5:02 PM #716197
    waiting hawk
    Participant

    thats funny as I spoke with sheldon yesterday. Im not refi’in yet as my last one a year ago still works at 4.6%. Im looking at low 4.1 or 4.0 if possible which would take more crashing at 0 cost loan.

    August 5, 2011 at 5:02 PM #716556
    waiting hawk
    Participant

    thats funny as I spoke with sheldon yesterday. Im not refi’in yet as my last one a year ago still works at 4.6%. Im looking at low 4.1 or 4.0 if possible which would take more crashing at 0 cost loan.

    August 10, 2011 at 7:50 AM #716998
    jimmyle
    Participant

    I am able to get a 4.375% rate with $1,500 rebate. The broker is reviewing my docs. Hopefully the refinancing process is not as bad as loan process during the home buying.

    August 10, 2011 at 7:50 AM #717089
    jimmyle
    Participant

    I am able to get a 4.375% rate with $1,500 rebate. The broker is reviewing my docs. Hopefully the refinancing process is not as bad as loan process during the home buying.

    August 10, 2011 at 7:50 AM #717687
    jimmyle
    Participant

    I am able to get a 4.375% rate with $1,500 rebate. The broker is reviewing my docs. Hopefully the refinancing process is not as bad as loan process during the home buying.

    August 10, 2011 at 7:50 AM #717834
    jimmyle
    Participant

    I am able to get a 4.375% rate with $1,500 rebate. The broker is reviewing my docs. Hopefully the refinancing process is not as bad as loan process during the home buying.

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